Ahead Quote by Charlie Munger
“I'm a bull on Berkshire Hathaway. There may be some considerable waiting, but I think there are some good days ahead.”
About This Quote
Source Speech: Annual Shareholder Meeting, Berkshire Hathaway, 2023
Patience and optimism are essential in investing; despite waiting, future prospects remain favorable.
In simple terms: Patience and optimism lead to good days ahead.
Key Takeaway
Stay patient and optimistic.
Themes
investment
patience
optimism
Mood
cautious
hopeful
Type
advice
motivational
When to use this quote
- stock market investing
- long‑term financial planning
- business strategy
- personal finance
Key Concepts
value investing
behavioral finance
Questions to Reflect On
- How long should you wait before acting?
- What indicators signal a good day ahead?
A Different Perspective
Over‑optimism can blind to risks.
![“Wesco had a market capitalization of $40 million when we bought it [in the early 1970s]. It's $2 billion now. It's been a long slog to a perfectly respectable outcome - not as good as Berkshire Hathaway or Microsoft, but there's always someone in life who's done better.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/c1e/charlie-munger-458_billions_wesco-had-a-market-capitalization-of-40_2073813.jpg)
![“We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came back from Berkshire's board meeting; it had moved up to the board room of the Kiewit company and [it was so large and luxurious that] I felt uncomfortable.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/274/charlie-munger-458_board-meetings_we-don-t-have-an-isolated-group-of-senio_2685453.jpg)
![“They [Mc Donalds] take people and give them a first job, which enables them to get a second job. They do a very good job of educating troubled young people to be good citizens and they're probably more successful than charter schools.” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/a55/charlie-munger-458_be-good_they-mc-donalds-take-people-and-give-the_41809.jpg)
![“It is way less certain to be a wonderful business in the future. The threat is alternative mediums of information. Every newspaper is scrambling to parlay their existing advantage into dominance on the Internet. But it is way less sure [that this will occur] than the certainty 20 years ago that…” quote by Charlie Munger](https://sms4smile.com/quotes/img-quotes/8d0/charlie-munger-458_advantage_it-is-way-less-certain-to-be-a-wonderful_59627.jpg)
